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Property profile & analytics
OFF-MARKET
Estimated value
$5,820,000
Warehouses
695 Veterans Blvd 699 Redwood City, CA 94063-1408
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1419159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Total area
17,312 SF
Lot
0.97 ac (42,314 SF)
Zoning code
IP0000
APN
052-411-320
UPID
US09-1419159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atherton Appliance & Kitchens Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.73M
Blend (final)
Blend
$5.82M
Owner & transaction history
Redwood Prosperity Group LLC · 1 yrs held
Redwood Prosperity Group LLC
since 2024
7 recorded transactions
Zoning & alternative use
IP0000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.3M
+64.7%
Commercial (general)
$8.0M
+41.1%
Auto repair, garage
$7.9M
+38.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,670,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,340,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,000,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,865,000
Change: +39% · Conversion: Easy
RETAIL STORES
$7,485,000
Change: +32% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,560,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$5.82M
Range $5.24M – $6.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$336 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$41,253
Tax year 2024
Assessed value
$3,722,224
Assessed 2024
Previous assessed
$3,722,224
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,854,799
Assessed improvement
$1,867,425
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Total area
17,312 SF
Lot
0.97 ac (42,314 SF)
Zoning code
IP0000
APN
052-411-320
UPID
US09-1419159
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
IP0000 · Redwood City, CA
Zoning IP0000 · permitted uses
IP0000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Redwood Prosperity Group LLC
Entity
Mailing address
59 PAUL AVE SAN DIEGO, DIEGO
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
—
Redwood Prosperity Group LLC
Victor Nissan
Quit Claim Deed
related
—
Jun 20, 2024
—
Deborah Olenev
Edward Mayer Nissan
Re-recorded Document
related
—
Oct 2, 2023
—
Edward Mayer Nissan
Emn Redwood LLC
Intrafamily Transfer
related
—
Jan 3, 2023
—
Deborah Olenev
Edward Mayer Nissan
Quit Claim Deed
related
—
Oct 29, 2021
—
Emn Redwood LLC
Edward Mayer Nissan
Quit Claim Deed
related
—
Feb 12, 2021
—
Deborah Olenev
Edward Mayer Nissan
Intrafamily Transfer
related
—
Dec 5, 2019
—
Edward Mayer Nissan
—
Deed
related
$3,000,000 · East West Bank
Jan 15, 2019
—
Nissan Trust
Nissan Edward 1992 L/tr
Correction Deed
related
$500,000 · East West Bk
Aug 20, 2018
—
Nissan Trust
—
Deed
related
$2,100,000 · East West Bk
Mar 7, 2018
—
Nissan Trust
Nissan Edward 1992 L/tr
Quit Claim Deed
related
—
Oct 10, 1997
—
Edward M Nissan
Wilson,diane H
Quit Claim Deed
related
—
Sep 3, 1993
—
Edward Nissan
Nissan,edward&di
Quit Claim Deed
related
—
Feb 3, 1993
—
Edward Nissan
Nissan Edward Tr
Quit Claim Deed
related
—
—
—
Edward M Nissan
—
Deed Of Trust
related
$50,000 · Individual
—
—
Edward M Nissan
—
Deed Of Trust
related
$50,000 · Individual
—
—
Edward M Nissan
—
Deed Of Trust
related
$1,850,000 · United Commerce Bank
—
—
Nissan Trust
—
Loan Modification
related
$2,100,000 · East West Bk
—
—
Edward M Nissan
—
Deed Of Trust
related
$700,000 · United Commercial Bank
—
—
Edward M Nissan
—
Deed Of Trust
related
$250,000 · United Commercial Bank
—
—
Edward M Nissan
—
Deed Of Trust
related
$1,846,000 · East West Bank
—
—
Edward M Nissan
—
Deed Of Trust
related
$1,250,000 · United Commercial Bank
—
—
Edward Ma Nissan
—
Deed Of Trust
related
—
—
—
Edward Ma Nissan
—
Deed Of Trust
related
$189,000 · Us Small Business Admn
—
—
Nissan Trust
—
Deed Of Trust
related
$500,000 · East West Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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